Re: Privileged and Confidential
I have received buyer's comments to my revisions. They accepted them, and then added certain further "clarifications' as follows:
In paragraph 3 relating to the flight credit:
A. They added that the request for the flight 14 days in advance, must be subject to the reasonable availability of the Aircraft. They pointed out that if you need the aircraft at a particularly busy time, e.g., Super Bowl, and they already booked it, they need to be protected.
B. They asked that at the end of this section to include a line that if they sell the aircraft, the flight credit won't be a lien or encumbrance on it. I added, "provided, however, that, in the even of any such sale, the proceeds of such sale shall be first applied and paid to Seller to pay off the balance of the flight credit."
C. They added: Buyer or Seller shall establish an escrow agent for the closing who shall prepare a settlement statement and process the disbursements.
In paragraph 4, relating to closing conditions, they clarified that the cabin light repair is "to include upper and lower LED lighting"
In paragraph 5, relating to the Demo Flight, they clarified that the Demo flight is on Sunday, April 7, and returning on Saturday, April 13. They said Larry was aware of this.
In paragraph 7, for the closing date which was originally required to close within 30 days after the Contract Deadline (which was a date by which the Purchase Agreement is to be signed within 10 business days after the parties signed the offer). Buyer now wants the closing to take place within 60 days after the Contract Deadline. They don't want to have an issue if their bank takes longer than promised. So they are building in some cushion.
Please advise whether or not to accept these changes. Thank you.
<Buyer's revisions to 4-5-19 Comments to Offer to Purchase-GIV sn 1085 Equus Redline 4-4-2019RL.docx>
DARREN K. INDYKE
5300 W. Atlantic Avenue, Suite 602
Delray Beach, Florida 33484
Telephone:
Telecopier:
Mobile:
email:
The information contained in this communication is confidential, may be attorney-client privileged, and is intended only for the use of the addressee. It is the property of Darren K. Indyke. Unauthorized use, disclosure or copying of this communication or any part hereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail, and destroy this communication and all copies hereof, including all attachments.
Copyright of Darren K. Indyke - © 2019 Darren K. Indyke – All rights reserved.
Wasn't sure if you saw this. Please advise. Thanks.
DARREN K. INDYKE
5300 W. Atlantic Avenue, Suite 602
Delray Beach, Florida 33484
Telephone: ███████████████
Telecopier: ███████████████
Mobile: ███████████████████████████
email: ███████████████████████████
The information contained in this communication is confidential, may be attorney-client privileged, and is intended only for the use of the addressee. It is the property of Darren K. Indyke. Unauthorized use, disclosure or copying of this communication or any part hereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail, and destroy this communication and all copies hereof, including all attachments.
Copyright of Darren K. Indyke - © 2019 Darren K. Indyke – All rights reserved.
